The only solution to the liquidity crisis is a market devaluation, especially in the house of CarDS. The market is going to come down severely, certainly within the next thirty years, probably within the next ten, and likely within the next three. The question of whether it will cause a depression will be determined by (1) what efforts are made to prevent the market correction [more == bad], and (2) what sorts of tax-and-spend programs are put in place afterward [again, more == bad].
If the government would put failed entities into receiver ship, let the bad debts play through the tangled web of CDSs, using only such intervention as is necessary to prevent bank runs and equalize losses, and if the government dropped tax rates, the market would recover since the systemic problems that are dogging it would be solved. Unfortunately, I really doubt anyone will have the courage to adopt such a plan. Instead, they'll throw $700bn+ into the house of CarDS thus ensuring that we're in more trouble three years from now than we're in presently.
The crash is deliberate.
The crash has been long planned.
The suffering is desired on the part of TPTB.
The evil b*stErds WANT death, chaos and destruction.
They think they have insured their elitist safety a dozen different ways and that they will end up riding a much more manageable bunch of chipped subservient slaves ‘stewarding’ a much more eco-safe and eco-friendly planet that will survive vs one that will self-destruct . . .
They have been seduced by satan; lied to by the fallen angels and convinced that they are tasked with reducing the population to 200 million globally . . . eventually erasing most of the signs of man on the North American Continent . . . leaving the bulk of it as their vast National Park Playground . . .
Many Christians are praying that all the evil that’s hidden be exposed. God has evidently told some folks that HE IS GOING TO EXPOSE such evils soonish.
Alex talking about BILLIONAIRES in Austin TX leaving the country . . . people that OWN DEFENSE companies freaked out and leaving the country.
1/10th of 1% who are the top elites ruling things to destruction.
In your opinion then, Paulson and Bernanke are doing the exact wrong thing. Bernanke was chosen specifically because the knew a financial crash was on the horizon.
So, knowing that in your opinion they are implementing the exact wrong steps, are Paulson and Bernane
A) Morons and idiots?
B) Corrupt stooges for the power elite to tranfer wealth to them from the middle class?
C)Part of a plan to implement the new world order?
Which is it?
Correct me if I’m wrong, but I read your post to say, “we need a financial collapse now because that fixes the systemic problems in the financial system and delaying will only make things worse.”
Do I interpret your post correctly, if simply?
I GUARANTEE you that within the next three years there will be some STUNNING, heretofore UNBELIEVABLE technological advance -- or two -- that will completely energize the market.
This will repeat some time in the future if we don’t repeal the Community Reinvestment Act, a.k.a. the Making Bad Home Loans to People Who Cannot Afford Them Act.